TLDR:
- Palantir’s stock has surged approximately 1,700% since early 2023, rising from under $8 to $119.16 per share as of February 14, 2025
- With a current market cap of $271 billion, speculation grows about a potential stock split to make shares more accessible
- The company is strategically shifting from government contracts to AI-driven commercial solutions, particularly in healthcare and financial services
- Employee stock-based compensation holders are sitting on substantial gains, which could influence split timing
Palantir Technologies (PLTR) stock has climbed from under $8 in early 2023 to $119.16 as of February 14, 2025, representing a gain of approximately 1,700% over just two years.
The data analytics company, which began primarily as a government contractor, has reached a market capitalization of $271 billion, prompting discussions about a potential stock split among market observers and retail investors.
Trading volume has remained robust, with recent daily volumes averaging 85.7 million shares, significantly higher than typical daily movements. The stock has shown particular strength in recent sessions, trading between $116.80 and $120.67.

The company’s gross margin stands at 80.25%, reflecting strong profitability in its core operations. This metric has helped attract institutional investors, though some express concern about the current valuation levels.
Market Pivot
Palantir’s strategic pivot toward commercial markets has been a key driver of investor interest. The company has been actively expanding its artificial intelligence and machine learning capabilities, particularly in sectors like healthcare and financial services.
In the healthcare sector, Palantir has been developing AI systems for patient data management and disease outbreak prediction. These initiatives represent a significant expansion from its traditional government-focused business model.
The financial services division has seen similar growth, with new products focusing on risk assessment and fraud detection. These moves into commercial markets have helped diversify the company’s revenue streams.
Stock Split?
For employees holding stock-based compensation from before 2024, the sharp price increase has created substantial paper gains. This situation could influence the timing of a potential stock split, as smaller share denominations might help employees manage their equity positions more effectively.
Market analysts note that while many companies historically split their stocks at higher price points, often above $1,000 per share, Palantir’s rapid appreciation and retail investor focus might prompt earlier action.
The company maintains a strong presence in its original government contracting business while expanding its commercial offerings. This dual approach has helped maintain revenue stability during the transition to new markets.
Trading
Recent trading sessions have shown continued momentum, with the stock reaching new highs despite broader market volatility. The 52-week range of $20.33 to $120.67 illustrates the scale of the advance.
The company has not announced any dividend payments, choosing instead to reinvest in growth initiatives and technology development. This approach aligns with its focus on market expansion and product development.
Current trading patterns show steady accumulation by institutional investors, though retail interest remains a significant factor in daily price movements. The stock’s liquidity has improved substantially with its higher market capitalization.
Technical indicators suggest strong support at current levels, though some market technicians point to overbought conditions in the near term. The stock’s momentum has remained positive despite occasional profit-taking.
The most recent trading data shows continued buying pressure, with the stock closing at $119.16, up $1.25 or 1.06% in the latest session.